Interim report
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Interim report July – September 2026 July – September 2026 • Net sales decreased by 29% to SEK 103.9 (147.1) million. Adjusted for currency effects, sales decreased by 30.0%. • EBITDA amounted to SEK 16.9 (46.0) million, corresponding to an EBITDA margin of 16.3% (31.3%). • EBITDAC amounted to SEK -0.3 (29.1) million, corresponding to an EBITDAC margin of -0.3% (19.8%). • EBIT amounted to SEK -5.1 (22.0) million, corresponding to an EBIT margin of • -4.9% (14.9%). Adjusted for restructuring costs of SEK -2.1 (-) million, EBIT amounted to SEK -3.1 (22.0) million. • Net profit/loss for the period amounted to SEK -8.0 (21.2) million. • Earnings per share diluted were SEK -0.02 (0.06). • Cash flow from operating activities amounted to SEK -10.1 (21.7) million. January – September 2026 • Net sales decreased by 24.0% to SEK 307.1 (404.3) million. Adjusted for currency effects, sales decreased by 22.0%. • EBITDA amounted to SEK 33.6 (74.3) million, corresponding to an EBITDA margin of 11.0% (18.4%). • EBITDAC amounted to SEK -26.1 (10.7) million, corresponding to an EBITDAC margin of -8.5% (2.7%). • EBIT amounted to SEK -32.9 (3.1) million, corresponding to an EBIT margin of • -10.7% (0.8%). Adjusted for restructuring costs of SEK -2.1 (-10.0) million, EBIT amounted to SEK -30.8 (13.1) million. • Net profit/loss for the period amounted to SEK -39.0 (-3.5) million. • Earnings per share diluted were SEK -0.11 (-0.01). • Cash flow from operating activities amounted to SEK 35.5 (-51.5) million. Financial overview For financial definitions, see pages 18-20. Net Insight AB (publ) org.no. 556533–4397 Oct 2025- Jan-Dec SEK millions 2026 2025 Change 2026 2025 Change Sep 2026 2025 Change Net sales 103.9 147.1 -29.4% 307.1 404.3 -24.0% 424.0 521.2 -18.6% Growth, FX adjusted -30.0% 0.1% -22.0% -10.6% -4.0% -9.1% Gross earnings 56.9 77.7 -26.7% 155.9 212.9 -26.8% 217.4 274.5 -20.8% Gross margin 54.8% 52.8% 50.7% 52.7% 51.3% 52.7% EBITDA 16.9 46.0 -63.2% 33.6 74.3 -54.7% 50.8 91.5 -44.5% EBITDA margin 16.3% 31.3% 11.0% 18.4% 12.0% 17.6% EBITDAC -0.3 29.1 -26.1 10.7 -31.4 5.5 EBITDAC margin -0.3% 19.8% -8.5% 2.7% -7.4% 1.1% EBIT -5.1 22.0 -32.9 3.1 -38.0 -2.0 EBIT margin -4.9% 14.9% -10.7% 0.8% -9.0% - 0.4% EBIT adjusted* -3.1 22.0 -30.8 13.1 -35.2 8.8 EBIT margin adjusted* -2.9% 14.9% -10.0% 3.2% -8.3% 1.7% Net margin -7.7% 14.4% -12.7% -0.9% -10.2% -1.4% Earnings per share -0.02 0.06 -0.11 -0.01 -0.13 -0.02 Cash flow from operating activities -10.1 21.7 35.5 -51.5 47.7 -39.4 Total cash flow -31.3 -0.5 -34.4 -125.4 -47.9 -138.9 *Adjusted for one-off restructuring costs Jul-Sep Jan-Sep In brief • An expectedly weak third quarter, with net sales of SEK 104 million and an operating loss of SEK 3 million excluding restructuring costs • Increased net sales compared with the previous quarter and a strengthened gross margin, driven by a higher share of software revenue • Continued expansion of the Media offering through this year’s product launches, most recently Nimbra 1020G • Time Synchronization business expanded with two customers in the new defense and data center segments • Mario van Dahn has been appointed Chief Financial Officer (CFO) and will assume his position no later than April 19, 2027
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CEO statement 2 | Net Insight Positive commercial development in an expected financially weaker quarter Although the third quarter remained weak, revenue improved compared with the previous quarter. We continue to make progress on the priorities we have communicated throughout the year: strengthening the Media portfolio, increasing sales efficiency, and driving conversion within Time Synchronization. Despite another financially weak quarter, we saw several signs of progress during the period. New products within Media generated additional customer orders and opportunities for expansion, while within Time Synchronization we gained two new customers and several strategically important business opportunities progressed toward commercial rollout. Overall, these developments reinforce our view that the measures we are implementing are having an effect. Financial performance and cash flow Revenue for the quarter amounted to SEK 104 (147) million, compared with SEK 91 million in the second quarter of 2026. Operating earnings excluding one-off items amounted to SEK -3 (22) million, while cash flow from operating activities amounted to SEK -10 (22) million. The gross margin excluding amortization improved to 72 percent (66), compared with the same period in the previous year and with 67 percent in the first half of the year. The improvement was primarily driven by the revenue mix, with a higher share of software revenue following two quarters with a higher proportion of hardware revenue. Media – closing product gaps and creating more opportunities for growth During the year, our focus within Media has been on strengthening the portfolio and improving sales efficiency. Although the financial impact remains limited, the investments we have made over the past few quarters are creating new opportunities to expand our business with existing customers and reach additional market segments. IBC, the leading global event for media and broadcast technology, confirmed the relevance of our strategy. Customers are increasingly looking for solutions that combine fiber, internet and cloud to reduce total cost of ownership without compromising the quality and control required for premium live sports. This is well aligned with our Open Live Media strategy and the investments we have made to broaden our portfolio. During the quarter, we saw further evidence that the strategy is delivering commercial results. DMC, an existing Net Insight customer, has started using Nimbra 520 in additional production applications. This demonstrates how our broadened portfolio can drive growth within existing customer relationships while strengthening our position in internet and cloud. We also launched Nimbra 1020G, our first product developed specifically for high-density compression, further expanding our addressable market. We continue to grow our customer base in North America, building on the progress made earlier in the year with global media and technology companies. Our broadened portfolio also enables us to address new market opportunities, including C-band distribution, where we see potential for more flexible architectures that give customers greater control. Time Synchronization – continued commercial conversion Commercialization within Time Synchronization continues to take time, but during the third quarter we saw further examples of business opportunities progressing from evaluation toward commercial rollout. During the quarter, we added two new commercial customers outside 5G. The first was our first order for a defense network, following an extensive proof of concept. The second was for an AI data center environment and was generated through our new partner, the leading US systems integrator World Wide Technology. The order value is limited, as synchronization represents only a small part of the overall data center investment. However, the deal marks our first commercial deployment in this use-case and demonstrates the potential of our partner model. In addition, our commercial pipeline progressed with one new customer test, two field tests and one new pilot project. In addition to our customer activities, we continued to strengthen the portfolio. During the quarter, we launched Zyntai TimeNode Access, enabling resilient time synchronization further out in distributed edge environments. With this product, we can address a broader range of customer needs and thereby expand our addressable market. Focus going forward As we enter the fourth quarter, our focus remains on execution and commercialization. During the year, we have strengthened our portfolio, improved our commercial capabilities and expanded our addressable markets. We expect continued progress within both Media and Time Synchronization. At the same time, it takes time for product investments, customer engagements and market opportunities to translate into significant revenue growth. Our priority remains to convert the positive commercial development we are seeing today into repeatable business with a growing customer base. Andreas Eriksson, CEO Solna, Sweden, October 29, 2026
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Net Insight in brief 3 | Net Insight Net Insight is a leading provider of solutions for live media transport and time synchronization in 5G networks and other critical infrastructures Net Insight combines advanced technology with close customer relationships to deliver solutions that meet the need for reliability and precision in live media transport. The company also offers solutions for GNSS/GPS-independent time synchronization in 5G and other critical networks. With over 25 years of experience and a proven track record in turning innovation into successful commercialization, Net Insight delivers end-to-end solutions to a global and growing customer base, with a strong focus on long-term relationships with customers and business partners. The company’s live media transport products enable high-quality, efficient, and reliable distribution—primarily of sports content—to large audiences around the world. The network-based time synchronization solution provides cost- effective and secure time synchronization for 5G and other critical networks. The solution has been developed from technology that has been part of the company’s media products for over 15 years. Business model Net Insight focuses on long-term, sustainable growth by offering high-quality end-to-end solutions to a global and expanding customer base. The company operates in EMEA, the Americas, and APAC, with sales conducted both directly to end customers and indirectly through business partners. Revenue is generated through hardware sales, software licensing, as well as subscriptions and support agreements for four main customer groups within media, as well as companies reliant on time synchronization (see “Customers” below). Strong partnerships, long-term customer relationships, and research and development are key priorities to ensure market-leading technology solutions with high reliability and quality. Customers For the Media business area, Net Insight targets service providers, broadcasters, production companies and rights holders, as well as, increasingly, global technology and streaming companies. Within Time Synchronization, telecom operators and 5G service providers represent a key customer group, while the company is also expanding its market reach into defense, AI data centers and other critical infrastructure where secure and resilient time synchronization is essential. Strategy Net Insight combines innovation with technology leadership to deliver high-quality and reliable solutions for live media transport and GNSS/GPS-independent time synchronization. Guided by its core values — innovation, collaboration, and trust — the company’s vision is to be a highly regarded partner and a global leader by 2028. Through technical expertise and close customer relationships, Net Insight works to strengthen its market position, with a primary focus on the rapidly growing sports segment within Media. Strategic initiatives include growing alongside existing customers, securing new business, increasing the share of cloud-based software revenues, and ensuring efficient scalability of operations. Net Insight in numbers, rolling 12 months 424 Net sales, SEK million 69% Gross margin before amortization of capitalized development expenditure 31% Innovation* as a percentage of net sales -3 EBIT one-off adjusted**, SEK million -0.13 Earnings per share, SEK (after dilution) 177 Available liquidity***, SEK million * Total development expenditures ** Excluding one-off restructuring costs ***Cash and cash equivalents including unutilized credit facility of SEK 128 million.
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Financial information 4 | Net Insight July - September Net sales Net sales in the third quarter of 2026 amounted to SEK 103.9 (147.1) million, a decrease of 29.4% compared to the same quarter last year. In comparable currencies, sales decreased compared to the previous year by 30.0%. The decline was primarily driven by lower sales within Media, where the comparison quarter included several larger orders, while no corresponding major order was received during the current quarter. Revenue from time synchronization for 5G and other critical networks in the quarter amounted to SEK 11.8 (11.2) million, corresponding to an increase of 5.8%. Gross profit Gross profit for the third quarter amounted to SEK 56.9 (77.7) million, a decrease of 26.7%. The gross profit included amortization of capitalized development expenditure of SEK -18.3 (-19.8) million. Gross margin excluding and including amortization of capitalized development expenditure was 72.5% (66.3%) and 54.8% (52.8%) respectively. The higher gross margin excluding amortization compared with the previous quarter was primarily attributable to the product mix, with a higher proportion of software revenue following two quarters with a relatively larger share of hardware deliveries. Variations in the product mix between quarters are a natural consequence of certain customer projects commencing with hardware deliveries and subsequently being supplemented by software. Operating expenses Sales and marketing expenses amounted to SEK -34.3 (-34.2) million. Administration expenses were SEK -14.8 (-14.0) million and include SEK -2.1 (-) million in one-off restructuring cost in connection with the cost savings program. Development expenses were SEK -10.7 (-9.4) million and development expenditures before capitalization amounted to SEK -27.9 (-26.2) million. Overall, operating expenses for the third quarter amounted to SEK -59.9 (-57.5) million, an increase of 4.0% compared with the corresponding period last year. Excluding non-recurring costs, the increase was 0.4%, due to higher development costs. Other operating income and expenses were SEK -2.2 (1.8) million, of which SEK -2.2 (1.8) million is currency exchange rate differences. Earnings EBIT for the third quarter amounted to SEK -5.1 (22.0) million, corresponding to an EBIT margin of -4.9% (14.9%). Excluding one- off restructuring cost of SEK -2.1 (-) million and exchange rate differences of SEK -2.2 (1.8) million, EBIT amounted to SEK -0.8 (20.1) million which corresponds to EBIT margin of -0.8% (13.7%). The lower earnings were primarily attributable to lower net sales. Due to the company’s generally high gross margin, the decline in sales had a significant negative impact on operating profit/loss compared with the same period in the previous year. For more information, see the table “Material profit and loss items” on page 18. EBITDA and EBITDAC (EBITDA including reversal of capitalization of development expenditures) amounted to SEK 16.9 (46.0) million and SEK -0.3 (29.1) million respectively, corresponding to an EBITDA margin of 16.3% (31.3%) and an EBITDAC margin of -0.3% (19.8%). Adjusted for one-off restructuring costs and exchange rate differences, EBITDA and EBITDAC amounted to SEK 21.2 (44.2) million and SEK 4.0 (27.3) million respectively. In the third q uarter, Net financial items amounted to SEK -2.5 (-0.7) million, whereof SEK -4.1 (-1.2) million is related to exchange rate differences, SEK 1.7 (0.1) million is related to the value of endowment insurance and SEK -0.1 (0.4) million to net interest income. Profit/loss before tax in the third quarter amounted to SEK -7.6 (21.3) million and net loss SEK -8.0 (21.2) million, corresponding to a net margin of -7.7% (14.4%). Financial position and cash flow Cash flow Cash flow from operating activities in the third quarter amounted to SEK -10.1 (21.7) million. The lower cash flow from operating 300 350 400 450 500 550 600 650 700 0 25 50 75 100 125 150 175 200 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Net sales, SEKm Net sales Net sales rolling 4 quarters 0 20 40 60 80 100 Net sales per quarter & product group, SEKm EMEA APAC Americas 2025202420262025202420262025 20262024 Net sales per quarter & region, SEKm Hardware Support and services Software 2025 2026 2024 202620252024202620252024
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Financial information 5 | Net Insight activities compared with the same period last year was mainly attributable to lower earnings. Cash flow from investment activities in the third quarter amounted to SEK -19.2 (-17.0) million and is primarily attributable to capitalized development expenditures. Cash flow from financing activities in the third quarter amounted to SEK -2.0 (-5.2) million. The total cash flow for the third quarter amounted to SEK -31.3 (-0.5) million. For additional information, see pages 12 and 18. Investments The investments in the third quarter were SEK 19.2 (17.0) million, of which SEK 17.2 (16.8) million were related to capitalization of expenditure for development. Depreciation and amortization in the third quarter amounted to SEK -22.0 (-24.0) million, of which SEK -18.3 (-19.8) million related to amortization of capitalized expenditure for development. Changes in capitalized development costs and depreciation are driven by the completion status of development projects combined with the timing of launches of fully developed products. January-September Net sales Net sales in the period of 2026 amounted to SEK 307.1 (404.3) million, a decrease of 24.0% compared to the same period last year and adjusted for currency effects, a decrease of 22.0%. The decrease was primarily attributable to lower sales within Media, while the comparative period benefited from several larger deals, including one with a contract value of approximately USD 6 million. Revenue from time synchronization for 5G and other critical networks in the period amounted to SEK 31.2 (26.1) million, corresponding to an increase of 19.3%. Gross profit Gross profit in the period amounted to SEK 155.9 (212.9) million, a decrease of 26.8%. The lower gross profit was primarily attributable to lower net sales. The gross profit included amortization of capitalized development expenditure of SEK -55.5 (-58.5) million. Gross margin excluding and including amortization of capitalized development expenditure was 68.8% (67.1%) and 50.7% (52.7%) respectively. The higher gross margin excluding amortization was primarily attributable to the product mix during the period, as the comparative period included larger deals with relatively lower gross margins. Nevertheless, the gross margin including amortization was lower than in the previous year, primarily due to lower revenue in relation to the level of amortization. Operating expenses Sales and marketing expenses amounted to SEK -110.7 (-123.4) million. Administration expenses were SEK -48.4 (-58.0) million and include SEK -2.1 (-10.0) million in one-off restructuring cost related to cost-savings program. Development expenses were SEK -37.4 (-33.8) million and development expenditures before capitalization amounted to SEK -97.1 (-97.4) million. Overall, operating expenses for the period amounted to SEK -196.5 (-215.1) million, a decrease of 13.3% year-on-year. One-off restructuring costs totaling SEK -2.1 (-10.0) million, in connection with the cost savings program, are included in the operating expenses. Other operating income and expenses were SEK 7.7 (5.3) million, of which currency exchange rate differences account for SEK 7.7 (5.3) million. Earnings EBIT for the period amounted to SEK -32.9 (3.1) million, corresponding to an EBIT margin of -10.7% (0.8%). Excluding one- off restructuring cost of SEK -2.1 (-10.0) million and exchange rate differences of SEK 7.7 (5.3) million, operating earnings amounted to SEK -38.5 (7.8) million, corresponding to an operating margin of -12.6% (1.9%). The lower profit was primarily attributable to lower revenue. Due to the company’s high gross margin, the decline in sales had a significant negative impact on operating profit. For more information, see the table “Material profit and loss items” on page 18. EBITDA and EBITDAC (EBITDA including reversal of capitalization of development expenditures) amounted to SEK 33.6 (74.3) million and SEK -26.1 (10.7) million respectively, which corresponds to an EBITDA margin of 11.0% (18.4%) and an EBITDAC margin of -8.5% (2.7%). Adjusted for one-offs and exchange rate differences, EBITDA and EBITDAC amounted to SEK 28.0 (79.0) million and SEK -31.7 (15.4) million. * Excluding one-off restructuring cost. Financial targets 2023-2027: • Average annual organic Net sales growth exceeding 15 percent • Operating margin (EBIT margin) to reach 20 percent in the same period -10% -8% -5% -3% 0% 3% 5% 8% 10% 13% 15% 18% 20% -10 -5 0 5 10 15 20 25 30 35 40 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Earnings trend, SEKm Adjusted operating earnings * Adjusted perating margin* target -25% -15% -5% 5% 15% 25% -25% -15% -5% 5% 15% 25% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Target follow-up Organic growth target R4Q (Target 15%) Adjusted operating margin* R4Q (Target 20%) * Excluding one-off restructuring cost.
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Financial information 6 | Net Insight Net financial items for the period amounted to SEK -5.6 (-6.3) million, of which SEK -6.4 (-8.8) million is related to exchange rate differences, SEK 1.0 (-0.1) is related to the value of endowment insurance and SEK -0.2 (2.6) million to net interest income/expense. The profit before tax for the period amounted to SEK -38.6 (-3.2) million and the profit for the period amounted to SEK -39.0 (-3.5) million, which corresponded to a net margin of -12.7% (-0.9%). Financial position and cash flow Cash flow Cash flow from operating activities in the period amounted to SEK 35.5 (-51.5) million. The increased cash flow from operating activities is due to the lowered capital tied up in working capital. Cash flow from investment activities in the period amounted to SEK -63.6 (-64.4) million and is primarily attributable to capitalized development expenditures. Cash flow from financing activities in the period amounted to SEK -6.3 (-19.7) million. The difference was mainly due to no share repurchases being carried out during the period, compared with SEK -10.2 million in the previous year. The total cash flow for the period amounted to SEK -34.4 (-135.6) million. Excluding the cash impact from share-related transactions (repurchase of own shares) the cash flow for the period was SEK -34.4 (-125.4) million. For additional information, see pages 12 and 18. Investments The investments in the period were SEK 63.6 (64.4) million, of which SEK 59.8 (63.6) million were related to capitalization of expenditure for development. Depreciation and amortization for the period amounted to SEK -66.6 (-71.2) million, of which SEK -55.5 (-58.5) million related to amortization of capitalized expenditure for development. Changes in capitalized development costs and depreciation are driven by the completion status of development projects combined with the timing of launches of fully developed products. At the end of the period, net value of capitalized expenditures for development amounted to SEK 283.9 (275.8) million. Net cash Cash and cash equivalents at the end of the period amounted to SEK 48.7 million, compared to SEK 96.3 million per September 30, 2025. At the end of the period, the company had an unutilized credit facility of SEK 128.5 (85.0) million. Total liquidity at the end of the period amounted to SEK 177.2 (181.3) million, Net cash, excluding effects of IFRS 16 amounted to SEK 48.7 million, compared to SEK 96.3 million per September 30, 2025. Equity Equity at the end of the period amounted to SEK 588.7 (630.4) million. No repurchase of own shares was made in the quarter. The change in equity differs from the reported net result, primarily due to foreign exchange differences that are recognized directly in equity. Equity/asset ratio Equity/asset ratio was 76.7% (72.2%). Employees The average number of employees and consultants in the third quarter and for the period was 182 (195) and 187 (203) respectively. Parent company in summary Net sales for the parent company in the third quarter amounted to SEK 103.9 (147.1) million and net profit to SEK -8.8 (-19.9) million. During the third quarter the intra-group sales were SEK 0.0 (0.0) million while intra-group purchases were SEK -17.3 (-19.4) million. Net sales for the parent company in the period amounted to SEK 306.8 (404.3) million and net profit to SEK -42.6 (-6.3) million. During the period the intra-group sales were SEK 0.0 (0.0) million while intra-group purchases were SEK -76.5 (-80.6) million. Development of the Parent Company for the year and its financial position essentially followed that of the Group as presented above (excluding intra-group transactions).
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Other information 7 | Net Insight Events during the quarter • Nationwide IP network for ORF: Net Insight’s Nimbra platform is being used as the core solution in Big Blue Marble’s, formerly ORS Group, new nationwide IP-based network for ORF in Austria. The solution connects ORF’s central and regional production environments and enables a phased transition from SDI to IP, with both television and radio carried over the same network. • Expanded use of Open Live Media: DMC Production Norway used Net Insight’s Open Live Media solution for the centralized production of the Blinkfestivalen and subsequently expanded the model to include premium European football. Featuring Nimbra 520 and Nimbra Edge, among other components, the solution demonstrates how advanced live production can be delivered over internet- and cloud-based infrastructure while maintaining quality and control. • Launch of Nimbra 1020G: Net Insight launched Nimbra 1020G, a compact 1U platform for high-density IP media processing, switching and controlled interconnection. The product introduces a new scaling point within the Nimbra portfolio and broadens the company’s offering in Broadcast IP and compression. • Progress in time synchronization: Net Insight received an order of approximately SEK 5 million for Zyntai for a Western European defense network following an extensive proof of concept. During the quarter, the company also launched Zyntai TimeNode Access, enabling robust network-based time synchronization at distributed edge nodes over existing packet- based infrastructure. • Broader market presence for next-generation media solutions: Net Insight’s cloud-based live media orchestration solution was made available through Oracle Cloud Marketplace. Together with regional partners, the company also established a pan- Asian test network for Nimbra 520, which was later expanded during the quarter to include Nimbra 1020G, making it easier for customers to evaluate the solutions in real-world regional workflows. • Interim CFO appointed: Christine Kjellvard was appointed interim CFO and a member of Net Insight’s Executive Management Team, effective 1 November 2026. She has extensive experience from both interim and permanent CFO roles. Events after the reporting period Mario van Dahn has been appointed Chief Financial Officer (CFO) and member of the Executive Management Team and will assume his position no later than April 19, 2027. Accounting policies This Interim Report has been prepared in accordance with IAS 34 Interim Financial Reporting and applicable regulations of the Swedish Annual Accounts Act. The Interim Report of the parent company complies with chapter 9 of the Swedish Annual Accounts Act, Interim Financial Reporting, and RFR 2 Accounting for Legal Entities. Disclosures in accordance with IAS 34 are presented in the interim financial statements and the associated notes as well as elsewhere in the interim financial report. There are no new or amended International Financial Reporting Standards (IFRS) in 2026 that have had a material impact on the Company’s financial reporting. The same accounting principles and basis of calculation as those used in the latest Annual Report have been applied to the group and parent company. For a description of these accounting principles, please refer to the Annual Report for 2025. The preparation of the Interim Report requires management to make judgements, estimates and assumptions that affect the company’s earnings and position and information presented generally. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. For a description of these estimates and assumptions, please refer to the Annual Report for 2025. Figures in brackets in this report refer to comparison with the corresponding period or date in the previous year, if not stated otherwise. Divergences due to rounding may occur in this report. Contributed equity The 2026 Annual General Meeting resolved to authorize the Board of Directors, until the next Annual General Meeting, on one or more occasions, to resolve on the acquisition of the company’s own shares, provided that the company’s holding at any time does not exceed ten per cent of all shares in the company. Furthermore, the 2026 Annual General Meeting resolved to authorize the Board of Directors, until the next Annual General Meeting, on one or more occasions, to resolve on the transfer (sale) of the company’s own shares. No repurchases of the company’s own shares were carried out during 2026. The 2026 Annual General Meeting resolved to approve the proposal to introduce a long-term share-based incentive program, LTIP 2026. The 2026 Annual General Meeting also resolved to approve the transfer of treasury shares to hedge costs, including social security contributions, related to LTIP 2026. At the end of the third quarter of 2026, the parent company held 1,028,430 class B treasury shares at an average acquisition cost of SEK 4.75 per share and with a quota value of SEK 0.04 per share. The shares are held as treasury shares. The parent company has the right to sell these shares at a later date. The company has two active share-based incentive programs approved by the 2025 and 2026 Annual General Meetings, respectively (LTIP 2025 and LTIP 2026). For information regarding LTIP 2025 and the related accounting policies, reference is made to Note 7 on pages 85–86 of the Annual Report 2025. LTIP 2026 was introduced following a resolution at the 2026 Annual General Meeting and is accounted for in accordance with the same accounting principles as LTIP 2025. All shares issued by the parent company were fully paid.
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Other information 8 | Net Insight Risk and sensitivity analysis Net Insight’s operations and results of operations are affected by a number of external and internal factors. There is a continuous process to identify risks, and to assess how each such risk should be mitigated. The company is primarily exposed to market-related, commercial and operational risks, as well as financial and sustainability-related risks.. Market and macroeconomic risks Geopolitical uncertainty is contributing to a more cautious market, where the timing of customers’ investment decisions and project commencements has become more difficult to predict. Changes in trade policy conditions, including potential future tariffs, may also affect the company’s costs and profitability. Net Insight continuously takes measures to mitigate such effects, including reviewing its value chains and increasing its focus on software- based revenue. The company is also exposed to fluctuations primarily in the USD and EUR. A stronger Swedish krona has a negative impact on net sales and earnings, which is partly mitigated through currency hedging. Commercial conversion and growth In recent years, Net Insight has invested in product development, portfolio expansion and commercial initiatives within both Media and Time Synchronization. There is a risk that these investments may not generate the sales growth expected by the company, or that their impact may take longer to materialize than planned. Within Media, there is a risk that demand and order intake may remain below historical levels despite the product launches and initiatives undertaken. Within Time Synchronization, there is a risk that customers’ investment decisions, procurement processes, testing and commercial rollouts may be delayed or progress more slowly than expected. If net sales growth within Media and Time Synchronization develops more slowly than expected, this could adversely affect the company’s earnings, cash flow and ability to achieve its financial targets. At the same time, the company’s current cost base is based on an expectation of gradually increasing sales over time. Inventory obsolescence The product life cycles of programmable circuits (FPGAs) have shortened, increasing the need to secure the availability of components. Net Insight continuously monitors and optimizes inventory levels and seeks to sell any excess inventory on the spot market where possible. Except for this, no significant risks and uncertainties have changed compared to those described in the 2025 annual report. The risks and uncertainties are essentially the same for the parent company and the Group as a whole. For a comprehensive review of the company’s risk and sensitivity analysis, and its risk management process, see pages 42–43, 61–63 and 78–79 of the 2025 Annual Report. Transactions with related parties In 2026, the parent company hired a member of the management team’s related party company for consulting services. Charged fees during the year amounted to SEK 1.1 (0.1) million. Auditors’ review This report has not been reviewed by the company’s auditors. Solna, Sweden, October 29, 2026 Andreas Eriksson CEO The report has been signed by the CEO as authorized by the Board of Directors The report has been prepared in a Swedish and an English version. In case of discrepancies between the two, the Swedish version shall prevail. The information was submitted for publication, through the agency of the contact persons set out above, at 7:30 CET on October 29, 2026.
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ta Financial reports 9 | Net Insight Consolidated income statement, in summary Consolidated statement of comprehensive income Oct 2025- Jan-Dec SEK thousands 2026 2025 2026 2025 Sep 2026 2025 Net sales 103,858 147,080 307,124 404,259 424,038 521,173 Cost of sales -46,930 -69,388 -151,267 -191,356 -206,599 -246,688 Gross earnings 56,928 77,692 155,857 212,903 217,439 274,485 Sales and marketing expenses -34,348 -34,214 -110,715 -123,358 -146,445 -159,088 Administration expenses -14,780 -13,967 -48,421 -57,962 -65,721 -75,262 Development expenses -10,728 -9,367 -37,350 -33,816 -49,666 -46,132 Other operating income and expenses -2,209 1,828 7,706 5,336 6,410 4,040 EBIT -5,137 21,972 -32,923 3,103 -37,983 -1,957 Net financial items -2,452 -689 -5,631 -6,339 -6,323 -7,031 Profit/loss before tax -7,589 21,283 -38,554 -3,236 -44,306 -8,988 Tax -433 -106 -469 -280 1,248 1,437 Net Income -8,022 21,177 -39,023 -3,516 -43,058 -7,551 Net income for the period attributable to the shareholders of the parent company -8,022 21,177 -39,023 -3,516 -43,058 -7,551 Jul-Sep Jan-Sep Oct 2025- Jan-Dec 2026 2025 2026 2025 Sep 2026 2025 Earnings per share -Basic, SEK -0.02 0.06 -0.11 -0.01 -0.13 -0.02 -Diluted, SEK -0.02 0.06 -0.11 -0.01 -0.13 -0.02 Average number of outstanding shares in thousands -Basic 340,376 340,376 340,376 340,805 340,376 340,706 -Diluted 340,376 340,376 340,376 341,256 340,376 341,067 Earnings per share, based on net income attributable to the parent company's shareholders during the period Jul-Sep Jan-Sep Oct 2025- Jan-Dec SEK thousands 2026 2025 2026 2025 Sep 2026 2025 Net income -8,022 21,177 - -39,023 -3,516 - -43,058 -7,551 Other comprehensive income Translation differences 575 -229 - 1,642 -2,419 - 1,267 -2,794 Total other comprehensive income, after tax 575 -229 1,642 -2,419 - 1,267 -2,794 Total other comprehensive income for the period -7,447 20,948 -37,381 -5,935 - -41,791 -10,345 Total comprehensive income for the period attributable to the shareholders of the parent company -7,447 20,948 -37,381 -5,935 - -41,791 -10,345 Jul-Sep Jan-Sep
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ta Financial reports 10 | Net Insight Consolidated balance sheet, in summary SEK thousands 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS Non-current assets Capitalized expenditure for development 283,947 275,786 279,730 Goodwill 38,751 38,751 38,751 Other intangible assets 85 173 143 Right-of-use assets 35,402 44,335 41,996 Equipment 7,873 8,719 8,236 Deferred tax asset 4,322 3,080 4,717 Deposits 4,987 5,008 5,003 Total non-current assets 375,367 375,852 378,576 Current assets Inventories 154,218 141,975 138,357 Accounts receivable 132,945 216,739 158,840 Other receivables 47,623 42,365 41,143 Cash and cash equivalents 48,710 96,271 82,678 Total current assets 383,496 497,350 421,018 TOTAL ASSETS 758,863 873,202 799,594 EQUITY AND LIABILITIES Equity attributable to parent company's shareholders Share capital 13,930 13,930 13,930 Other paid-in capital 1,200,443 1,200,443 1,200,443 Translation reserve 1,114 -153 -528 Accumulated deficit -626,755 -583,851 -587,779 Total shareholders' equity 588,732 630,369 626,066 Non-current liabilities Lease liabilities 24,946 33,084 31,110 Other liabilities 9,676 9,534 8,770 Total non-current liabilities 34,622 42,618 39,880 Current liabilities Lease liabilities 8,138 8,702 8,305 Accounts payable 38,638 99,677 41,745 Other liabilities 88,733 91,836 83,598 Total current liabilities 135,509 200,215 133,648 TOTAL EQUITY AND LIABILITIES 758,863 873,202 799,594
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ta Financial reports 11 | Net Insight Changes in consolidated equity, in summary Consolidated statement of cash flows SEK thousands Share capital Other paid-in capital Translation reserve Accumulated deficit Total shareholders' equity January 1, 2025 13,930 1,200,443 2,266 -570,273 646,365 Repurchase of own shares - - - -10,207 - 10,207 Share-based payment reserve - - - 146 146 Total comprehensive income - - -2,419 -3,516 -5,935 September 30, 2025 13,930 1,200,443 -153 -583,850 630,369 January 1, 2026 13,930 1,200,443 -528 -587,779 626,066 Share-based payment reserve - - - 47 47 T otal comprehensive income - - 1,642 -39,023 -37,381 September 30, 2026 13,930 1,200,443 1,114 -626,755 588,732 Attributable to parent company's shareholders Oct 2025- Jan-Dec SEK thousands 2026 2025 2026 2025 Sep 2026 2025 Operating activities EBIT -5,137 21,972 -32,923 3,103 -37,983 -1,957 Depreciation, amortization & impairment 22,041 24,015 66,563 71,198 88,788 93,423 Other items not affecting liquidity 2,553 2,949 3,209 -264 8,885 5,412 Sub-total 19,457 48,936 36,849 74,037 59,690 96,878 Interest received 220 539 788 2,891 1,074 3,177 Interest paid -332 -155 -1,017 -340 -1,408 -731 Other financial income and expenses -2,340 -1,075 -5,402 -8,892 -5,989 -9,479 Income tax paid -1,722 4,209 -6,229 -7,889 -6,479 -8,140 Cash flow from operating activities before changes in working capital 15,283 52,454 24,989 59,807 46,888 81,705 Changes in working capital Increase-/decrease+ in inventories -6,935 11,392 -16,558 -54,490 -18,016 -55,948 Increase-/decrease+ in receivables 2,762 -766 19,200 -89,991 78,065 -31,126 Increase+/decrease- in liabilities -21,235 -41,386 7,910 33,172 -59,270 -34,008 Total changes in working capital -25,408 -30,760 10,552 -111,309 779 -121,082 Cash flow from operating activities -10,125 21,694 35,541 -51,502 47,666 -39,377 Investment activities Capitalized expenditure -18,679 -16,847 -59,752 -63,565 -82,166 -85,979 Investment in tangible assets -602 -197 -3,884 -791 -4,792 -1,699 Increase-/decrease+ in financial assets, net 40 - 40 - 40 - Cash flow from investment activities -19,241 -17,044 -63,596 -64,356 -86,918 -87,678 Financing activities Amortization leasing -1,958 -5,171 -6,331 -9,519 -8,672 -11,860 Repurchase of own shares - - - -10,207 - -10,207 Cash flow from financing activities -1,958 -5,171 -6,331 -19,726 -8,672 -22,067 Net change in cash and cash equivalents -31,324 -521 -34,386 -135,584 -47,924 -149,122 Exchange differences in cash and cash equivalents 241 -972 418 -1,086 363 -1,141 Cash and cash equivalents at the beginning of the period 79,793 97,764 82,678 232,941 96,271 232,941 Cash and cash equivalents at the end of the period 48,710 96,271 48,710 96,271 48,710 82,678 Jul-Sep Jan-Sep
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ta Financial reports 12 | Net Insight Disaggregation of revenue Financial assets and liabilities Carrying amounts of trade receivables, other receivables, cash and cash equivalents, trade payables, lease liabilities, and other liabilities constitute a reasonable approximation of fair value. Financial instruments at Level 2 The fair value of derivative instruments is determined by using exchange rates for forward foreign exchange contracts on the balance sheet date. SEK thousands 2026 2025 2026 2025 Sep 2026 2025 Net sales by product group Hardware 28,278 66,707 108,606 168,746 155,882 216,022 Software 35,284 41,129 88,589 123,291 125,191 159,893 Support & Services 40,296 39,244 109,929 112,222 142,965 145,258 Total 103,858 147,080 307,124 404,259 424,038 521,173 Net sales by region EMEA 51,504 88,797 164,602 209,531 228,365 273,294 AM 47,403 44,960 126,043 159,756 174,338 208,051 APAC 4,951 13,323 16,480 34,972 21,336 39,828 Total 103,858 147,080 307,124 404,259 424,038 521,173 Timing of revenue recognition Products and services transferred at a point in time 63,562 107,836 197,195 289,988 281,073 373,866 time 40,296 39,244 109,929 114,271 142,965 147,307 Total 103,858 147,080 307,124 404,259 424,038 521,173 Jan-Dec Oct 2025- Jul-Sep Jan-Sep Group’s financial instruments by category Amounts in SEK thousands Value- tier Assets measured at amortized cost Assets measured at fair value through profit or loss Value- tier Assets measured at amortized cost Assets measured at fair value through profit or loss Assets in Balance Sheet Derivative instruments 2 7,977 2 3,134 Accounts receivable and other receivables, excluding non-financial assets 140,950 225,720 Cash and cash equivalents 48,710 96,271 Total 189,660 7,977 321,991 3,134 Group’s financial instruments by category Amounts in SEK thousands Value- tier Liabilities measured at amortized cost Liabilities measured at fair value trough profit and loss Value- tier Liabilities measured at amortized cost Liabilities measured at fair value trough profit and loss Liabilities in Balance Sheet Derivative instruments 2 - 2 - Accounts payable and other liabilities, excluding non-financial liabilities 39,828 100,410 Lease liabilities 33,084 41,786 Total 72,912 - 142,196 - 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025
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ta Financial reports 13 | Net Insight Parent company income statement, in summary Oct 2025- Jan-Dec SEK thousands 2026 2025 2026 2025 Sep 2026 2025 Net sales 103,852 147,056 306,783 404,259 423,697 521,173 Cost of sales -47,182 -69,517 -152,008 -192,064 -207,576 -247,632 Gross earnings 56,670 77,539 154,775 212,195 216,121 273,541 Sales and marketing expenses -35,646 -36,630 -116,899 -128,436 -154,017 -165,554 Administration expenses -14,639 -13,143 -47,347 -56,204 -64,464 -73,321 Development expenses -10,826 -9,833 -37,642 -34,403 -50,056 -46,817 Other income expenses -1,738 2,372 9,707 6,436 9,100 5,829 EBIT -6,179 20,305 -37,406 -412 -43,316 -6,322 Net financial items -2,150 -561 -4,676 -6,047 -5,010 -6,381 Profit/loss before tax -8,329 19,744 -42,082 -6,459 -48,326 -12,703 Tax -442 111 -494 118 1,302 1,914 Net income -8,771 19,855 -42,576 -6,341 -47,024 -10,789 Jul-Sep Jan-Sep
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ta Financial reports 14 | Net Insight Parent company balance sheet, in summary SEK thousands 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS Non-current assets Capitalized expenditure for development 283,947 275,786 279,730 Other intangible assets 85 173 143 Equipment 5,828 8,408 7,972 Participations in group companies 3,198 3,198 3,198 Deferred tax asset 3,222 1,920 3,717 Deposits 4,752 4,752 4,752 Total non-current assets 301,032 294,237 299,512 Current assets Inventories 154,218 141,975 138,357 Accounts receivable 133,648 217,914 159,758 Receivables from group companies 278 362 72 Other receivables 51,519 46,656 45,003 Cash and cash equivalents 40,487 89,892 75,683 Total current assets 380,150 496,799 418,873 TOTAL ASSETS 681,182 791,036 718,385 EQUITY AND LIABILITIES Equity Restricted equity 373,058 366,369 370,312 Non-restricted equity 160,164 213,723 205,440 Total equity 533,222 580,092 575,752 Non-current liabilities Other liabilities 9,676 9,534 8,770 Total non-current liabilities 9,676 9,534 8,770 Current liabilities Accounts payable 38,638 99,630 41,592 Liabilities to group companies 18,909 15,656 14,359 Other liabilities 80,737 86,124 77,912 Total current liabilities 138,284 201,410 133,863 TOTAL EQUITY AND LIABILITIES 681,182 791,036 718,385 The division of shares A-shares B-shares Total A-shares B-shares Total Outstanding shares 1,000,000 339,376,009 340,376,009 1,000,000 339,376,009 340, 376,009 Repurchased own shares - 1,028,430 1,028,430 - 1,028,430 1,028,430 Issued shares 1,000,000 340,404,439 341,404,439 1,000,000 340,404,439 341,404,439 30 Sep, 2026 31 Dec, 2025
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ta Financial reports 15 | Net Insight Financial information Oct 2025- Jan-Dec SEK millions (if not defined differently) 2026 2025 2026 2025 Sep 2026 2025 Earnings Net sales 103.9 147.1 307.1 404.3 424.0 521.2 Gross earnings 56.9 77.7 155.9 212.9 217.4 274.5 Operating expenses 59.9 57.5 196.5 215.1 261.8 280.5 Total development expenditure 27.9 26.2 97.1 97.4 131.8 132.1 EBITDA 16.9 46.0 33.6 74.3 50.8 91.5 EBITDAC -0.3 29.1 -26.1 10.7 -31.4 5.5 EBIT -5.1 22.0 -32.9 3.1 -38.0 -2.0 Profit before tax -7.6 21.3 -38.6 -3.2 -44.3 -9.0 Net income -8.0 21.2 -39.0 -3.5 -43.1 -7.6 Balance sheet and cash flow Cash and cash equivalents 48.7 96.3 79.8 96.3 48.7 82.7 Working capital 195.2 198.2 200.0 159.3 201.9 170.1 Total cash flow -31.3 -0.5 -34.4 -135.6 -47.9 -149.1 The share Dividend per share, SEK - - - - - - Earnings per share, diluted, SEK -0.02 0.06 -0.11 -0.01 -0.13 -0.02 Cash flow per share, diluted, SEK -0.09 -0.00 -0.10 -0.40 -0.14 -0.44 Average number of outstanding shares diluted, thousands 340,376 340,376 340,376 341,256 340,376 341,067 Number of outstanding shares at the end of the period, diluted, thousands 340,376 340,376 340,376 340,376 340,376 340,376 Share price at end of period, SEK 2.94 4.32 2.94 4.32 2.94 3.92 Employees and consultants Average number of employees and consultants 182 195 187 203 204 196 KPI Net sales YoY, change in % -29.4% -5.6% -24.0% -14.8% -21.2% -14.3% Gross margin 54.8% 52.8% 50.7% 52.7% 51.3% 52.7% Total development expenditure/Net sales 26.9% 17.8% 31.6% 24.1% 31.1% 25.3% EBIT margin -4.9% 14.9% -10.7% 0.8% -9.0% -0.4% EBITDA margin 16.3% 31.3% 11.0% 18.4% 12.0% 17.6% EBITDAC margin -0.3% 19.8% -8.5% 2.7% -7.4% 1.1% Net margin -7.7% 14.4% -12.7% -0.9% -10.2% -1.4% Return on capital employed -5.9% 1.9% -5.6% 1.9% -5.7% 0.2% Equity/asset ratio 77.6% 72.2% 76.7% 72.2% 77.6% 78.3% Return on equity -7.0% 0.9% -7.0% 0.9% -7.0% -1.2% Jul-Sep Jan-Sep
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ta Financial reports 16 | Net Insight KPI Income Statement Oct 2025- Jan-Dec SEK millions (if not defined differently) 2026 2025 2026 2025 Sep 2026 2025 Net sales 103.9 147.1 307.1 404.3 424.0 521.2 Net sales YoY, change in % -29.4% -5.6% -24.0% -14.8% -21.2% -14.3% Cost of sales ex. amortization of capitalized development -28.6 -49.6 -95.7 -132.9 -132.6 -169.7 Gross earnings ex. amortization of capitalized development 75.3 97.5 211.4 271.4 291.4 351.4 Gross margin ex. amortization of capitalized development 72.5% 66.3% 68.8% 67.1% 68.7% 67.4% Cost of sales amortization of capitalized development -18.3 -19.8 -55.5 -58.5 -74.0 -76.9 Gross earnings 56.9 77.7 155.9 212.9 217.4 274.5 Gross margin 54.8% 52.8% 50.7% 52.7% 51.3% 52.7% Sales and marketing expenses -34.3 -34.2 -110.7 -123.4 -146.4 -159.1 Administration expenses -14.8 -14.0 -48.4 -58.0 -65.7 -75.3 Development expenses -10.7 -9.4 -37.4 -33.8 -49.7 -46.1 Operating expenses -59.9 -57.5 -196.5 -215.1 -261.8 -280.5 Operating expenses/net sales 57.6% 39.1% 64.0% 53.2% 61.7% 53.8% Other operating income and expenses -2.2 1.8 7.7 5.3 6.4 4.0 EBIT -5.1 22.0 -32.9 3.1 -38.0 -2.0 EBIT margin -4.9% 14.9% -10.7% 0.8% -9.0% -0.4% Net financial items -2.5 -0.7 -5.6 -6.3 -6.3 -7.0 Profit before tax -7.6 21.3 -38.6 -3.2 -44.3 -9.0 Tax -0.4 -0.1 -0.5 -0.3 1.2 1.4 Net Income -8.0 21.2 -39.0 -3.5 -43.1 -7.6 Net margin -7.7% 14.4% -12.7% -0.9% -10.2% -1.4% Jul-Sep Jan-Sep EBITDA margin Oct 2025- Jan-Dec SEK millions (if not defined differently) 2026 2025 2026 2025 Sep 2026 2025 Net sales 103.9 147.1 307.1 404.3 424.0 521.2 EBIT -5.1 22.0 -32.9 3.1 -38.0 -2.0 Amortization of capitalized development expenditure 18.3 19.8 55.5 58.5 74.0 76.9 Other depreciation & amortization 3.7 4.2 11.0 12.7 14.8 16.5 EBITDA 16.9 46.0 33.6 74.3 50.8 91.5 EBITDA margin 16.3% 31.3% 11.0% 18.4% 12.0% 17.6% Capitalization of development expenditure -17.2 -16.8 -59.8 -63.6 -82.2 -86.0 EBITDAC -0.3 29.1 -26.1 10.7 -31.4 5.5 EBITDAC margin -0.3% 19.8% -8.5% 2.7% -7.4% 1.1% Jul-Sep Jan-Sep Change in net sales in comparable currencies Jan-Dec SEK millions (if not defined differently) 2026 2025 2026 2025 2025 Net sales 103.9 147.1 307.1 404.3 521.2 Net sales in comparable currencies 103.0 156.1 315.5 424.1 552.6 Change in net sales in comparable currencies -30.0% 0.1% -22.0% -10.6% -9.1% Jul-Sep Jan-Sep
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ta Financial reports 17 | Net Insight Material profit and loss items The Group has identified a number of items which are material due to the significance of their nature and/or amount. These are listed separately here to provide a better understanding of the financial performance of the Group: All items in the table above affect operating earnings, except item (b), which affects cash flow. (a) Relates to restructuring costs incurred in connection with organisational changes and cost-saving initiatives. (b) Presenting the cash flow without effects from the repurchase program of own shares and exercised warrants provides a better understanding and comparison of the underlying operations' cash flow. Development expenditure Oct 2025- Jan-Dec SEK millions (if not defined differently) 2026 2025 2026 2025 Sep 2026 2025 Development expenses 10.7 9.4 37.4 33.8 49.7 46.1 Capitalization of development expenditure 17.2 16.8 59.8 63.6 82.2 86.0 Total development expenditure 27.9 26.2 97.1 97.4 131.8 132.1 Capitalization rate 61.6% 64.3% 61.5% 65.3% 62.3% 65.1% Net Sales 103.9 147.1 307.1 404.3 424.0 521. 2 Total development expenditure/net sales 26.9% 17.8% 31.6% 24.1% 31.1% 25.3% Jul-Sep Jan-Sep Material profit and loss items Oct 2025- Jan-Dec SEK millions Note 2026 2025 2026 2025 Sep 2026 2025 Exchange rate differences Part of Other operating income & expenses -2.2 1.8 7.7 5.3 6.4 4.0 Part of Net Financial Items -4.1 -1.1 -6.4 -8.9 -7.0 -9.5 Total Exchange rate differences -6.3 0.8 1.3 -3.6 -0.6 -5.4 Other operating income 0.0 - 0.1 0.2 0.1 0.2 Total 0.0 - 0.1 0.2 0.1 0.2 Items affecting comparability Restructuring (a) -2.1 - -2.1 -10.0 -2.8 -10.7 Total -2.1 - -2.1 -10.0 -2.8 -10.7 EBIT excluding items affecting comparability EBIT -5.1 22.0 -32.9 3.1 -38.0 -2.0 Items affecting comparability, as per above 2.1 - 2.1 10.0 2.8 10.7 Total -3.1 22.0 -30.8 13.1 -35.2 8.8 EBIT excluding exchange rate differences EBIT -5.1 22.0 -32.9 3.1 -38.0 -2.0 Exchange rate differences, as per above 2.2 -1.8 -7.7 -5.3 -6.4 -4.0 Total -2.9 20.1 -40.6 -2.2 -44.4 -6.0 EBIT excluding exchange rate differences & items affecting comparability EBIT -5.1 22.0 -32.9 3.1 -38.0 -2.0 Exchange rate differences, as per above 2.2 -1.8 -7.7 -5.3 -6.4 -4.0 Items affecting comparability, as per above 2.1 - 2.1 10.0 2.8 10.7 Total -0.8 20.1 -38.5 7.8 -41.6 4.7 Cash flow excluding share-base transactions (b) Net change in cash and cash equivalents -31.3 -0.5 -34.4 -135.6 -47.9 -149.1 Repurchase of own shares - - - 10.2 - 10.2 Total -31.3 -0.5 -34.4 -125.4 -47.9 -138.9 Jul-Sep Jan-Sep
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Financial definitions 18 | Net Insight Alternative performance measures and other definitions Non-IFRS financial measures are presented to assist investors and management in evaluating the Group’s operating performance, forecasting future periods and facilitating meaningful comparisons between reporting periods. These alternative performance measures may differ from similarly titled measures used by other companies. This section also includes certain additional definitions. Any key figures in text, diagrams or tables that include periods earlier than 1 April 2021, refer to continued operations, i.e. excluding the effect from divested operations. For more information, see interim reports and the 2024 annual report. Calculation of performance measures not included in IFRS framework, and some other definitions. Performance measures Various types of performance measures and margin measures as a percentage of sales. Non-IFRS performance measures Description Reason for the use of the measure Gross margin Gross profit as a percentage of net sales. The gross margin is of major importance, showing the margin for covering the operating expenses, supplemented by the margin to cover the operating expenses as well as the cost of amortization of capitalized development expenditures. Gross margin excl. amortization of capitalized development Gross profit excl. amortization of capitalized development as a percentage of net sales. Operating expenses Sales and marketing expenses, administration expenses and development expenses. Shows the company’s total operating expenses. Putting them in relation to net sales shows the company’s cost efficiency. Operating expenses/ net sales Operating expenses as a percentage of net sales. EBITDA Operating earnings before depreciation and amortization. EBITDAC Operating earnings before depreciation and amortization and capitalization of development expenditure. Complementing EBITDA with EBITDAC, where capitalized development expenditures are reversed, provides a good complement to operating earnings and margin as it, simplified, shows the earnings- generated cash flow in the operation and it shows operating earnings without influence of variations in the level of capitalized development expenditures in the company’s development projects. Operating earnings (EBIT) EBIT is defined as operating profit/loss before net financial items and income tax. Operating earnings provides an overall picture of earnings generated in the operating activities. Operating margin (EBIT%) Operating earnings as a percentage of net sales. The operating margin is a key measure together with sales growth and capital employed for monitoring value creation. Net sales YoY, change in % The relation between net sales for the period and the corresponding sales for the comparative period in the previous year. The sales growth is a key measure together with operating margin and capital employed for monitoring value creation. Change in Net sales in comparable currencies The relation between the net sales for the period, recalculated using the foreign currency exchange rates from the comparative period, and the corresponding sales for the comparative period in the previous year. No recalculation is made for revenue from acquired businesses that were not owned throughout the entire comparative period. This measure is of major importance for management in its monitoring of the underlying sales growth driven by changes in volume, price and product mix for comparable exchange rates between different periods.
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Financial definitions 19 | Net Insight Performance measures Various types of performance measures and margin measures as a percentage of sales. Non-IFRS performance measures Description Reason for the use of the measure Net margin Net Income as a percentage of net sales. The net margin shows the remaining share of net sales after all the company’s costs have been deducted. Total development (R&D) expenditure Development expenses and capitalized expenditures for development. EBITDAC, which is EBITDA adjusted for capitalized development expenditure, is a useful complement to operating earnings as it provides an indication of the cash-based result of the business. The measure also eliminates the earnings effects arising from changes in the capitalization rate of the company’s development projects. Capitalization rate Capitalized development expenditures as a percentage of total development expenditures. Total development (R&D) expenditure/net sales Total development expenditure as percentage of net sales. Regions Definition of regions for designation of revenue: • EMEA – Europe, the Middle East and Africa • Americas (AM) - North and South America • APAC – Asia and Pacific Definition of regions for designation of revenue. Working capital Average current assets minus cash and cash equivalents, accounts payable and other interest-free current liabilities. The Company has no interest- bearing liabilities, excluding lease liabilities. Changes in working capital in the cash flow statement also includes adjustments for items not affecting liquidity and changes in non-current operating assets and liabilities. This measure shows how much working capital is tied up in the operations and can be put in relation to sales to understand how effectively tied up working capital is used. Capital employed Capital employed is calculated as the average of total assets less total liabilities, excluding interest-bearing liabilities. The Group has no interest-bearing liabilities other than lease liabilities. Return on capital employed is the central ratio for measuring the return on the capital tied up in operations. Return on capital employed EBIT plus interest income, rolling four quarters (R4Q), divided by average capital employed. Equity/asset ratio Shareholders’ equity as a percentage of total assets. A traditional measure for showing financial risk, expressing the ratio of the assets that are financed by the owners. Return on equity Net profit for the period as a percentage of average shareholders’ equity, rolling four quarters (R4Q). Return on equity shows the total return on shareholders’ capital and reflects the effect of the company’s profitability as well as the financial leverage. The measure is primarily used to analyze owner profitability over time. Investments Investments in intangible and tangible assets. Definitions to rows in the cash flow statement. Total cash flow/cash flow Change in cash and cash equivalents during the period, excluding exchange differences in cash and cash equivalents.
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Financial definitions 20 | Net Insight Shareholders’ information Measures related to the share Non-IFRS performance measure Description Reason for the use of the measure Average number of outstanding shares Total number of shares in the Parent company, less the number of group companies’ holdings of shares in the Parent company (own/treasury shares). Definitions of IFRS performance measures. Measures showing the return of the business to the owners, per share. Dividend per share Dividend divided by the average number of outstanding shares during the period. Earnings per share (EPS) Net income divided by the average number of outstanding shares during the period. Cash flow per share Total cash flow, divided by average number of outstanding shares during the period. Measures showing the return of the business to the owners, per share. Equity per share Shareholders’ equity divided by number of outstanding shares at the end of the period. Employees Measures related to employees Non-IFRS performance measure Description Reason for the use of the measure Average number of employees and consultants/co-workers Average number of employees and consultants in non- temporary positions (longer than nine months) who are not replacing absent employees. Measured as full-time equivalents (FTEs). To supplement the number of employees with consultants gives a better measure of the Company’s cost.
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Net Insight AB (publ) Telephone: +46 (0)8 685 04 00, info@netinsight.net, www.netinsight.net Financial calendar Year-end report 2026 10 February 2027 Annual Report 2026 19 April 2027 Interim report Q1 2027 29 April 2027 Annual general meeting 11 May 2027 Interim report Q2 2027 15 July 2027 Interim report Q3 2027 22 October 2027 Invitation to presentation On 29 October 2026 at 09:00 CEST, CEO Andreas Eriksson together with CFO Cecilia Höjgård Höök will present the quarterly report in a live‑streamed web conference. Link to the live presentation, which will also be available for replay: Net Insight Q3 2026 For further information Andreas Eriksson, CEO, Net Insight AB (publ) Net Insight AB (publ) org.no. 556533-4397 Telephone: +46 (0)8-685 04 00 Box 1200, 171 23 Solna E-mail: andreas.eriksson@netinsight.net Telephone: +46 (0)8-685 04 00 www.netinsight.net Cecilia Höjgård Höök, CFO, Net Insight AB (publ) Telephone: +46 (0) 700 92 24 84 E-mail: investor.relations@netinsight.net